**Executive Summary**
The Reserve Bank of India has launched the 48th round of the Quarterly Services and Infrastructure Outlook Survey (SIOS) for the January-March 2026 quarter (Q4:2025-26). The survey aims to assess the business situation and expectations of companies in the services and infrastructure sectors. Survey findings will be released on the Bank's website.
**Key Points / Main Content**
* **Survey Purpose and Scope**
* The SIOS survey assesses the business situation for Q4:2025-26 (January-March 2026).
* It gauges expectations for the subsequent quarter (Q1:2026-27).
* It considers qualitative responses on indicators related to demand, financial conditions, employment, and prices.
* The outlook for Q2:2026-27 and Q3:2026-27 is also covered.
* **Survey Participation**
* Genesis Management & Market Research Pvt. Ltd. is authorized to conduct the survey.
* Selected companies will be approached, but other companies in the services and infrastructure sectors are also encouraged to participate.
* Companies can download the survey questionnaire from the Bank's website under the "Survey" sub-head.
* Filled-in questionnaires should be e-mailed as per contact details provided.
* **Survey Findings Release**
* Survey findings will be released in summary form on the Bank's website regularly.
* The identity of respondents will not be revealed.
* **Contact Information**
* For queries or clarifications, contact: The Director, Division of Enterprise Surveys, Department of Statistics and Information Management, Reserve Bank of India, Mumbai. Phone numbers: 022-26578664, 022-26578275. Email contact is also provided.
**Impact Analysis**
**Companies in the Services and Infrastructure Sectors**
* **Impact:** These companies are surveyed to assess business conditions and expectations. Participation is encouraged.
* **Action Required:** Companies can download, complete, and submit the SIOS questionnaire via email if they wish to participate.
**Reserve Bank of India (RBI)**
* **Impact:** The RBI utilizes the survey data to gain insights into the services and infrastructure sectors.
* **Action Required:** The RBI will collect, analyze, and publish the survey findings.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for launching the survey.
Services and Infrastructure Outlook Survey (SIOS): Quarterly survey assessing the business situation of companies in the services and infrastructure sectors.
Mumbai: Location of the Reserve Bank of India office.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 14, 2026
Launching of 48th Round of Quarterly Services and Infrastructure Outlook
Survey (SIOS) Q4:2025-26
The Reserve Bank has launched the 48th round of the quarterly Services and
Infrastructure Outlook Survey (SIOS) for the reference period January-March 2026. The
survey assesses the business situation for the current quarter (Q4:2025-26) from
selected companies in the services and infrastructure sectors in India and their
expectations for the ensuing quarter (Q1:2026-27) based on qualitative responses on a
set of indicators pertaining to demand conditions, financial conditions, employment
conditions and the price situation. The outlook on key parameters for the two subsequent
quarters (Q2:2026-27 and Q3:2026-27) are also covered.
2. The survey findings are released in summary form on the website of the Bank
regularly, where identity of the respondents is not revealed.
3. M/s Genesis Management & Market Research Pvt. Ltd. has been authorised to
conduct the survey for January-March 2026 quarter on behalf of the Reserve Bank. While
the agency will approach selected companies, other companies in the services and
infrastructure sectors are also encouraged to participate in the survey by downloading the
survey questionnaire from the Bank’s website, under the sub-head ‘Survey’. The duly
authenticated filled-in survey questionnaire may be e-mailed as per contact details given
therein.
4. In case of any query/clarification, kindly contact us at the following address:
The Director
Division of Enterprise Surveys,
Department of Statistics and Information Management,
Reserve Bank of India, C-8, 2nd Floor, Bandra-Kurla Complex,
Bandra (East), Mumbai-400051.
Phone: 022-26578664, 022-26578275
Please click here to send email.
Ajit Prasad
Press Release: 2025-2026/1923 Deputy General Manager
(Communications)